The Top 10 List: Who Is the World’s Youngest Billionaire?

The Top 10 List: Who Is the World’s Youngest Billionaire?

The billionaire list keeps growing, with each year introducing new and fresh faces. It’s so competitive, that the youngest billionaire in the world changes monthly. Building up to the first billion is difficult, and requires a lot of smart financial decisions. This list is made up of the smartest young billionaires that took the world…

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Getting a Grip on Your Finances Starts with Knowing Your Assets and Liabilities

Getting a Grip on Your Finances Starts with Knowing Your Assets and Liabilities

As a business owner, there are several terms that should be in your vocabulary. Assets and liabilities rank near the top, and will often appear together. To improve the financial health of your company, both of these terms need a full understanding. Before you dive head first into the intricacies of a balance sheet, learn…

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Profitability Ratio and 10 Other Terms Every Investor Should Know

Profitability Ratio and 10 Other Terms Every Investor Should Know

Profitability ratio is one of many terms that every investor should know about. Learning the language and buzzwords of investing can be daunting, but is a necessary step for success. To get the most out of your portfolio, learn the most important terms of investing so that you’re not caught off-guard.  1. Asset Allocation A…

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Serving Your Community: The 5-Step Formula to Starting a Nonprofit

Serving Your Community: The 5-Step Formula to Starting a Nonprofit

Starting a nonprofit is definitely no walk in the park and even though your ethos might be different when it comes to your reasons for starting the business and making it sustainable, there are definite rules of engagement to follow if you want your idea to succeed. One of the first things you will quickly…

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Comparing Cash Basis Accounting Against Accrual Accounting: Concrete Examples and Key Differences

Comparing Cash Basis Accounting Against Accrual Accounting: Concrete Examples and Key Differences

The fundamental difference between cash basis accounting and accrual accounting is primarily about when expenses and revenue are introduced, with the cash method adopting a system where this income and expenditure is recognized immediately. Although this can be seen as the most obvious difference between the two accounting methods there are more subtle variations and…

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Sole Proprietorship Taxes: Will Incorporating Lower the Bill?

Sole Proprietorship Taxes: Will Incorporating Lower the Bill?

Sole proprietorship taxes come with its own set of pros and cons. There are some situations where being a sole proprietor makes sense, but there are also times where the choice to incorporate is smarter. Finding a balance between the two will decide the long-term fate of a business.  Sole Proprietorship A sole proprietor is…

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Entrepreneurial Horizons: These Are 10 of the Most Profitable Franchises in the US

Entrepreneurial Horizons: These Are 10 of the Most Profitable Franchises in the US

Most of the profitable franchises in the US are led by long running brands. But there has been some shuffling around recently, as newcomers are gaining in popularity. Consistency is behind the most profitable franchises in history. With that consistency comes customer loyalty, and an annual expectation of growth. 1. Dunkin’ No other franchise has…

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Registering a Business in the USA: Comparing Sole Proprietorship vs LLC

Registering a Business in the USA: Comparing Sole Proprietorship vs LLC

One of the most critical aspects of your initial business plans is deciding the legal status of your new venture as your decision can have an impact on your future success and affect access to funding as well as making a difference to your tax liabilities. One thing to look at when registering a business…

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Successful Startups Stick to a Strategy: The 5-Step Process to Landing a Seed Investment

Successful Startups Stick to a Strategy: The 5-Step Process to Landing a Seed Investment

Owning your own company is a dream many people have. They long for the days of setting their own hours, taking over complete control of their work product, and other advantages. It may seem that having your own startup is nothing more than a pipe dream, but every company had to start somewhere.  Building a…

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Time to Grow Your Business: 6 Questions to Ask Before Hiring a Marketing Consultant That Will Ensure You Get the Best Man for the Job

Time to Grow Your Business: 6 Questions to Ask Before Hiring a Marketing Consultant That Will Ensure You Get the Best Man for the Job

Hiring a marketing consultant is no easy feat. Everyone specializes in something different and has different expertise in different areas of marketing, various price plans, and fees, and work in different ways. Of course, as a business, you want to make sure you’re finding the best consultant to suit you and your needs, but how?…

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